SAN FRANCISCO — Chipmaker Intel today reporter first-quarter net income of $2 billion, or 40 cents a share, on revenue of $12.6 billion.

Results were in line with expectations. Analysts polled by Thomson Reuters had expected first quarter revenue of $12.6 billion and net income of $2.1 billion, or 40 cents a share.

Intel is entrenched in PC chips, an area in steep decline. Last week, worldwide shipments of PCs notched a 13.9% decline in the first quarter from a year ago, according to IDC.

The question will be whether Intel can adapt to the mobile revolution, competing against rivals for chips used in smartphones and tablets. "The majority of their stuff still runs on PCs," says IDC analyst Crawford Del Prete.